All Eyes On Final Jobs Report For 2024: What To Expect In 2025
The slowdown in labor market is due to the post-pandemic recovery, job growth in a few industries, high interest rates, tech advances, and uncertainty about the economy, global events, President-elect Donald Trump's potential policies.
Jan 10, 2025 5:43 AM EST
IBM's $6.4 Billion HashiCorp Acquisition Faces U.K. Antitrust Scrutiny
IBM's $6.4 billion HashiCorp acquisition faces U.K. antitrust scrutiny, raising concerns over competition and innovation in cloud computing.
Abu Dhabi Global Market Cuts Fees By 50% For Non-Financial, Retail Businesses From January
This move is designed to improve ADGM's business environment, making it more appealing and accessible to different types of businesses.
Tesla Reports First Annual Drop in Global Vehicle Deliveries
Tesla reports its first annual delivery decline in 2024, citing production slowdowns, competition, and shifting consumer demand challenges.
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Warner Bros. Discovery Board Members Li Haslett and Chen Resign Amid Company Restructuring
Li Haslett and Chen have resigned from Warner Bros. Discovery's board, signaling leadership changes amid ongoing company restructuring efforts.
Dec 31, 2024 5:18 AM EST
U.S. Government Launches Enforcement Action Against Fintech App Dave and CEO
The U.S. DOJ sues fintech app Dave and CEO for misleading practices, highlighting growing regulatory scrutiny on the fintech sector.
Dec 31, 2024 4:35 AM EST
Global Markets Expected to Grow in 2025 Despite Trade War Concerns
Global markets are poised for steady growth in 2025, driven by technological innovation and emerging market investment. Despite trade war fears under the Trump administration, analysts highlight opportunities in renewable energy and infrastructure. Potential risks, including inflation and geopolitical tensions, remain, but resilient consumer spending and corporate earnings are expected to support economic expansion.
Dec 31, 2024 3:22 AM EST
Gold Prices Dip as Market Eyes Economic Data and Incoming Trump Administration
Gold prices edged lower on December 30, 2024, amid thin holiday trading. Investors are closely watching upcoming U.S. economic data and potential policy shifts under the incoming Trump administration for market direction.
Dec 30, 2024 3:17 PM EST
U.S. Pending Home Sales Reach 21-Month High in November Amid Rising Inventory
Pending home sales in the U.S. surged to a 21-month high in November, marking the fourth consecutive month of increases. The rise is driven by higher inventory and buyers adapting to elevated mortgage rates.
Dec 30, 2024 3:13 PM EST
Nvidia Completes $700 Million Acquisition of AI Firm Run:ai Despite Regulatory Scrutiny
Nvidia has finalized its $700 million acquisition of AI company Run:ai, after overcoming regulatory hurdles in both the U.S. and Europe. The deal strengthens Nvidia's AI infrastructure and software capabilities, positioning it for continued leadership in the industry.
Dec 30, 2024 3:07 PM EST
Global Equity Funds Surge with Record Inflows Amid U.S. Inflation Relief
Global equity funds saw $34.38 billion in inflows, led by U.S. markets, driven by easing inflation. However, bond outflows and selective sectoral investments highlight cautious optimism amid economic uncertainties.
Dec 28, 2024 3:43 PM EST
U.S. Holiday Spending Rises 3.8% in 2024, Driven by Online Sales and Value Deals
U.S. holiday spending grew by 3.8% in 2024, fueled by a 6.7% rise in online sales. Consumers prioritized value-driven purchases, showcasing resilience amid economic challenges and shorter shopping periods.
Dec 28, 2024 5:52 AM EST
Bank of Japan Signals Imminent Rate Hike Amid Economic Stability
The Bank of Japan signals a potential rate hike, citing economic stability but monitoring uncertainties. Inflation and mixed economic data influence cautious decisions, with the next review set for January 2025.
Dec 27, 2024 9:56 AM EST
U.S. Jobless Claims Drop Slightly, Continuing Claims Hit 3-Year High
This mixed picture reflects an evolving labor market that remains relatively strong but is increasingly facing pressures that could influence broader economic trends in the coming months.
Dec 27, 2024 2:17 AM EST
US Banks File Lawsuit Against Federal Reserve Over Lack of Transparency in Stress Testing Framework
Major US banking groups have sued the Federal Reserve, alleging its opaque stress testing framework violates federal laws, hindering transparency and economic growth. The lawsuit seeks reforms to ensure accountability and public input.
Dec 25, 2024 2:36 PM EST
Decline in U.S. Consumer Confidence Raises Recession Concerns Despite Economic Resilience
U.S. consumer confidence fell in December, sparking recession concerns. While retail sales and GDP growth show resilience, inflation, interest rates, and global uncertainties continue to challenge economic stability and outlook.
Dec 25, 2024 2:09 PM EST
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